PIL in for its largest boxships

PIL in for its largest boxships

Singapore’s Pacific International Lines (PIL) is back at Yangzijiang Shipbuilding ordering four firm plus four optional container vessels of 11,800 teu capacity, broking sources report. The firm vessels are slated for delivery within 2018. No price has been given for what will become the largest set of ships in the fast growing PIL fleet.

The order is a clear commitment by PIL to remain on the main east-west trades at a time when other traditional intra-Asia players are pulling their horns in.

The orders would likely see PIL leapfrog Japan’s Kawasaki Kisen Kaisha (K Line) into 18th spot on the global liner rankings compiled by France’s Alphaliner.

 

Sam Chambers

Starting out with the Informa Group in 2000 in Hong Kong, Sam Chambers became editor of Maritime Asia magazine as well as East Asia Editor for the world’s oldest newspaper, Lloyd’s List. In 2005 he pursued a freelance career and wrote for a variety of titles including taking on the role of Asia Editor at Seatrade magazine and China correspondent for Supply Chain Asia. His work has also appeared in The Economist, The New York Times, The Sunday Times and The International Herald Tribune.

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